GreenFuels Engineering: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GreenFuels Engineering
Largest movements
- Cash +€18,240
new in 2025: €18,240
mainly Net result for the year (+€13,563) and Receivables within one year (+€9,256)
- Receivables within one year -€9,256
down €9,256 (-25.4%), from €36,496 to €27,240
of which Trade receivables: -€31,704
- Tangible fixed assets +€2,458
up €2,458 (+30.8%), from €7,980 to €10,438
of which Furniture and vehicles: +€9,016
- Deferred charges and accrued income -€714
down €714 (-59.3%), from €1,203 to €489
- Profit (loss) carried forward +€13,563
up €13,563, from -€3,456 to €10,107
- Tax, wage and social debts +€4,230
up €4,230 (+60.1%), from €7,038 to €11,267
- Short-term financial debts -€2,281
down €2,281 (-62.9%), from €3,628 to €1,348
- Current portion of long-term debt -€2,013
down €2,013 (-19.2%), from €10,465 to €8,453
- Trade debts -€946
down €946 (-21.0%), from €4,512 to €3,566
- Gross operating margin +€23,379
up €23,379 (+255.6%), from €9,147 to €32,526
- Taxes +€4,763
up €4,763 (+186.5%), from €2,554 to €7,317
- Depreciation +€2,180
up €2,180 (+33.9%), from €6,432 to €8,612
- Financial charges +€669
up €669 (+50.3%), from €1,330 to €1,999
- Other operating charges -€600
down €600 (-35.9%), from €1,671 to €1,071
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,931 | €71,077 | +€11,146 | +18.6% |
| Fixed assets | 21/28 | €8,330 | €10,788 | +€2,458 | +29.5% |
| Tangible fixed assets | 22/27 | €7,980 | €10,438 | +€2,458 | +30.8% |
| Furniture and vehicles | 24 | €1,422 | €10,438 | +€9,016 | +633.8% |
| Leasing and similar rights | 25 | €6,558 | - | -€6,558 | |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €51,601 | €60,289 | +€8,688 | +16.8% |
| Amounts receivable after more than one year | 29 | €13,902 | €14,319 | +€417 | +3.0% |
| Other amounts receivable | 291 | €13,902 | €14,319 | +€417 | +3.0% |
| Amounts receivable within one year | 40/41 | €36,496 | €27,240 | -€9,256 | -25.4% |
| Trade receivables | 40 | €31,704 | - | -€31,704 | |
| Other amounts receivable | 41 | €4,792 | €27,240 | +€22,449 | +468.5% |
| Cash at bank and in hand | 54/58 | - | €18,240 | +€18,240 | |
| Deferred charges and accrued income | 490/1 | €1,203 | €489 | -€714 | -59.3% |
| Total equity and liabilities | 10/49 | €59,931 | €71,077 | +€11,146 | +18.6% |
| Equity | 10/15 | €26,871 | €40,434 | +€13,563 | +50.5% |
| Contributions | 10/11 | €6,270 | €6,270 | = | 0.0% |
| Reserves | 13 | €24,057 | €24,057 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €22,157 | €22,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,456 | €10,107 | +€13,563 | |
| Amounts payable | 17/49 | €33,061 | €30,643 | -€2,417 | -7.3% |
| Amounts payable after more than one year | 17 | €6,888 | €5,958 | -€930 | -13.5% |
| Financial debts | 170/4 | €6,888 | €5,958 | -€930 | -13.5% |
| Amounts payable within one year | 42/48 | €25,644 | €24,634 | -€1,010 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €10,465 | €8,453 | -€2,013 | -19.2% |
| Financial debts | 43 | €3,628 | €1,348 | -€2,281 | -62.9% |
| Credit institutions | 430/8 | €3,628 | €1,348 | -€2,281 | -62.9% |
| Trade debts | 44 | €4,512 | €3,566 | -€946 | -21.0% |
| Suppliers | 440/4 | €4,512 | €3,566 | -€946 | -21.0% |
| Taxes, remuneration and social security | 45 | €7,038 | €11,267 | +€4,230 | +60.1% |
| Taxes | 450/3 | €7,038 | €11,267 | +€4,230 | +60.1% |
| Accrued charges and deferred income | 492/3 | €529 | €52 | -€477 | -90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,432 | €8,612 | +€2,180 | +33.9% |
| Other operating charges | 640/8 | €1,671 | €1,071 | -€600 | -35.9% |
| Gross operating margin | 9900 | €9,147 | €32,526 | +€23,379 | +255.6% |
| Operating profit (loss) | 9901 | €1,044 | €22,843 | +€21,799 | +2088.2% |
| Financial income | 75/76B | €62 | €36 | -€26 | -42.2% |
| Recurring financial income | 75 | €62 | €36 | -€26 | -42.2% |
| Financial charges | 65/66B | €1,330 | €1,999 | +€669 | +50.3% |
| Recurring financial charges | 65 | €1,330 | €1,999 | +€669 | +50.3% |
| Profit (loss) for the period before taxes | 9903 | -€224 | €20,880 | +€21,104 | |
| Income taxes | 67/77 | €2,554 | €7,317 | +€4,763 | +186.5% |
| Profit (loss) for the period | 9904 | -€2,778 | €13,563 | +€16,341 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,778 | €13,563 | +€16,341 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.